Policies and actions needed to get to low emissions economy

BusinessNZ says clear policies and actions and a political bipartisan approach will be needed to meet the ambitious targets contained in new zero carbon legislation.

The Climate Change Response (Zero Carbon) Amendment Bill establishes a net zero target for long-lived gases such as carbon and nitrous oxide and a target for cutting agricultural methane emissions by up to 47 percent, by 2050.

BusinessNZ Chief Executive Kirk Hope said last year’s consultation exercise showed there is wide public support for a 2050 zero carbon target.

“What we need now is a plan of action to deliver on these ambitious targets,” Mr Hope said.

“New Zealand is already facing a 2030 target that needs policies and actions in place to be achieved. The work required to clarify actions needed for both the 2030 and 2050 targets should be a priority.

“Business is keen to engage with the Government and Climate Change Commission on the workplan for both.

“The next step needs to be a bipartisan approach by the main political parties in shepherding this Bill through to becoming legislation. A unified, shared approach by our political leaders will allow the legislation to deliver clear, long-term signals to businesses and consumers.”